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October 24, 2013
20:23 // 10 months ago
April 11, 2013
Take Bitcoins, remove the secretive nature of said coins, add e-commerce that doesn’t involve illicit drugs, and Jeff Bezos’ bald head while you’re making the order, and you have Amazon Coins. Or as your parents called it, Flooz.

Take Bitcoins, remove the secretive nature of said coins, add e-commerce that doesn’t involve illicit drugs, and Jeff Bezos’ bald head while you’re making the order, and you have Amazon Coins. Or as your parents called it, Flooz.

17:01 // 1 year ago
January 12, 2013
15:48 // 1 year ago
January 10, 2013

Re: Platinum Coin, Pointing out a fact is incorrect ≠ Supporting something

antigovernmentextremist says: Short Form Blog. I’m disappointed. I expected so much better from you. The fact that this is even considered a viable option shows just how far off the handle America is.

» SFB says: I’m not actually in favor of the platinum coin — it’s a weird, crazy idea that deserves the eyerolls it’s getting. I mocked it two nights ago, even. But if you’re going to talk about it, at least get the semantics right. You can be critical of something without misleading people. — Ernie @ SFB

19:57 // 1 year ago
FYI, platinum coin critics: They do not need to actually make the coin out of $1 trillion in platinum; they just need to value it at $1 trillion. (ht @dceiver)

FYI, platinum coin critics: They do not need to actually make the coin out of $1 trillion in platinum; they just need to value it at $1 trillion. (ht @dceiver)

16:21 // 1 year ago
October 31, 2011
15:45 // 2 years ago
June 28, 2011

U.S. is wasting money on unsuccessful dollar coin program

  • 2005 Congress passed a bill to establish coin currency as a bigger force in America’s day-to-day transactions. Their plan was to produce $1 coins featuring, progressively over time, the full run of American Presidents. Republican Rep. Mike Castle sponsored the legislation.
  • 2011 The bill’s language has meant that the coins are still in production despite broad unpopularity — so much so that the Federal Reserve is sitting on an ever-expanding billion dollars worth of unwanted currency. Wanna talk wasteful spending? Here’s exhibit A. source

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16:33 // 3 years ago